Vishay Intertechnology Inc. (VSH) intrinsic value & 10-year financials

Vishay Intertechnology Inc. (VSH) has a Graham intrinsic value of $29.46 per share. At $27.71 on Oct 17, 2026, the stock trades 6% below that value. Over the last 10 fiscal years revenue grew 3.1% a year to $3.1B, with an average return on invested capital of 14.3%.

Graham intrinsic value
$29.46
Share price (Oct 17, 2026)
$27.71
Price vs Graham value
6% below
Market cap
$3.8B
Revenue (FY2025)
$3.1B
Revenue growth (10-yr CAGR)
3.1%
ROIC (10-yr avg)
14.3%
Free cash flow (FY2025)
-$89.0M

VSH 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.1B -$9.0M -$0.07 -$89.0M 1.9% 1.1%
FY2024 $2.9B -$31.1M -$0.23 -$146.4M 0.2% 0.2%
FY2023 $3.4B $323.8M $2.31 $36.3M 14.3% 16.1%
FY2022 $3.5B $428.8M $2.98 $159.0M 17.6% 25.0%
FY2021 $3.2B $298.0M $2.05 $238.7M 14.4% 21.7%
FY2020 $2.5B $122.9M $0.85 $191.3M 8.4% 11.7%
FY2019 $2.7B $163.9M $1.13 $139.8M 9.8% 14.9%
FY2018 $3.0B $345.8M $2.24 $28.6M 16.0% 36.0%
FY2017 $2.6B -$20.3M -$0.14 $198.3M 12.0% 12.5%
FY2016 $2.3B $48.8M $0.32 $161.3M 4.4% 3.7%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

VISHAY INTERTECHNOLOGY INC has demonstrated mature, steady growth, with revenue compounding at 3.1% annually over the past decade.

VISHAY INTERTECHNOLOGY INC returns on capital have been average, hovering around 14.3% ROIC over the decade.

Over the decade, VISHAY INTERTECHNOLOGY INC shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, VISHAY INTERTECHNOLOGY INC is modeled at 3.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $29.46 per share.

VSH stock: frequently asked questions

What is the intrinsic value of Vishay Intertechnology Inc. (VSH) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 3.1% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, VSH's intrinsic value is about $29.46 per share.

Is VSH stock undervalued?

At $27.71 (close on Oct 17, 2026), VSH trades 6% below its Graham value of $29.46. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Vishay Intertechnology Inc. grown?

Revenue went from $2.3B in fiscal 2016 to $3.1B in fiscal 2025, a compound annual growth rate of 3.1%. Net income was -$9.0M in fiscal 2025.

Does Vishay Intertechnology Inc. generate free cash flow?

Vishay Intertechnology Inc. generated -$89.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 8 of the last 10 reported years.

What is VSH's return on invested capital?

Average ROIC over the last 10 fiscal years was 14.3%, and average return on equity was 10.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this VSH data come from?

From Vishay Intertechnology Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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